Quantbot Technologies LP Acquires 108,582 Shares of Microchip Technology Incorporated $MCHP

Quantbot Technologies LP increased its holdings in shares of Microchip Technology Incorporated (NASDAQ:MCHP) by 248.3% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 152,307 shares of the semiconductor company’s stock after purchasing an additional 108,582 shares during the period. Quantbot Technologies LP’s holdings in Microchip Technology were worth $9,781,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Florida Trust Wealth Management Co boosted its position in Microchip Technology by 3.3% during the 3rd quarter. Florida Trust Wealth Management Co now owns 4,890 shares of the semiconductor company’s stock valued at $314,000 after acquiring an additional 157 shares in the last quarter. Clean Yield Group lifted its position in shares of Microchip Technology by 9.4% during the third quarter. Clean Yield Group now owns 1,890 shares of the semiconductor company’s stock valued at $121,000 after buying an additional 163 shares during the last quarter. Slagle Financial LLC grew its holdings in Microchip Technology by 0.3% in the third quarter. Slagle Financial LLC now owns 64,485 shares of the semiconductor company’s stock worth $4,141,000 after purchasing an additional 168 shares during the last quarter. Global Trust Asset Management LLC increased its position in shares of Microchip Technology by 2.4% during the third quarter. Global Trust Asset Management LLC now owns 7,263 shares of the semiconductor company’s stock worth $466,000 after purchasing an additional 169 shares in the last quarter. Finally, Bollard Group LLC lifted its holdings in shares of Microchip Technology by 5.8% during the 2nd quarter. Bollard Group LLC now owns 3,178 shares of the semiconductor company’s stock valued at $224,000 after purchasing an additional 173 shares during the last quarter. 91.51% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Microchip Technology

In other news, CEO Steve Sanghi sold 98,814 shares of the business’s stock in a transaction dated Wednesday, January 28th. The shares were sold at an average price of $80.55, for a total transaction of $7,959,467.70. Following the transaction, the chief executive officer owned 9,922,319 shares of the company’s stock, valued at approximately $799,242,795.45. The trade was a 0.99% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.94% of the stock is currently owned by insiders.

Microchip Technology Price Performance

Shares of NASDAQ:MCHP opened at $74.64 on Friday. Microchip Technology Incorporated has a twelve month low of $34.13 and a twelve month high of $83.35. The company has a current ratio of 2.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.82. The company has a market cap of $40.39 billion, a PE ratio of -257.38, a price-to-earnings-growth ratio of 1.89 and a beta of 1.46. The company’s 50 day moving average is $73.81 and its 200 day moving average is $66.57.

Microchip Technology (NASDAQ:MCHP) last announced its quarterly earnings results on Thursday, February 5th. The semiconductor company reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.01. The company had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.19 billion. Microchip Technology had a positive return on equity of 7.16% and a negative net margin of 1.57%.The firm’s revenue for the quarter was up 15.6% compared to the same quarter last year. During the same period last year, the firm earned $0.20 EPS. Microchip Technology has set its Q4 2026 guidance at 0.480-0.520 EPS. On average, sell-side analysts forecast that Microchip Technology Incorporated will post 1.03 EPS for the current year.

Microchip Technology Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 10th. Stockholders of record on Monday, February 23rd will be issued a dividend of $0.455 per share. This represents a $1.82 annualized dividend and a dividend yield of 2.4%. The ex-dividend date is Monday, February 23rd. Microchip Technology’s payout ratio is currently -627.59%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on MCHP shares. BNP Paribas Exane upgraded Microchip Technology from a “neutral” rating to an “outperform” rating and set a $90.00 price target for the company in a research note on Thursday, January 22nd. B. Riley Financial boosted their price target on Microchip Technology from $85.00 to $95.00 and gave the stock a “buy” rating in a research note on Monday, January 12th. Argus raised shares of Microchip Technology to a “strong-buy” rating in a research report on Monday, February 9th. Wells Fargo & Company boosted their target price on shares of Microchip Technology from $68.00 to $70.00 and gave the stock an “equal weight” rating in a research report on Friday, February 6th. Finally, Citigroup cut their price target on shares of Microchip Technology from $92.00 to $91.00 and set a “buy” rating on the stock in a research note on Friday, February 6th. Three investment analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $86.00.

About Microchip Technology

Microchip Technology Inc is a semiconductor company headquartered in Chandler, Arizona, that designs, develops and supplies a broad portfolio of embedded control and analog semiconductors. Its product lineup centers on microcontrollers (including the well-known PIC family), digital signal controllers and associated development tools and software, along with a range of mixed-signal and analog devices, nonvolatile memory, power management, timing, interface, wireless and security products. The company also provides integrated hardware and software solutions intended to simplify embedded design and accelerate time to market for OEMs and contract manufacturers.

Microchip’s products are used across a wide range of end markets, including automotive, industrial automation, consumer electronics, communications, aerospace and defense, and Internet of Things (IoT) applications.